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What is sum-prime crisis?

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Anonymous

10y ago
Updated: 8/19/2019

The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007-June 2009. It was triggered by a large decline in home prices, resulting in mortgage delinquencies and foreclosures and the devaluation of housing-related securities.

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Wiki User

10y ago

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